After the stock market closed today Google reported that it profits for the 3rd Q 2010 blowing away the projections and causing the stock to rise almost 10% in after hours trading.
Revenues jumped 23% to $7.3 billion, from $5.94 billion last year.
Net income was up 18% to $2.2 billion
Google said it earned $7.64 per share, while Analysts forecasted earnings of $6.69 per share.
Net revenue, which excludes commissions paid to advertising partners, was $5.48 billion, up from $4.38 billion a year ago.
Google said paid clicks grew 16% compared with the same period a year ago and 4% compared with the second quarter.
Cost per click was up 4%.
Google hired 1,526 people in the quarter, which brings the total number of employees to 23,331.
Google ended the 3rd quarter with $33 Billion in cash.
As I said shares of Google jumped in after market trading up almost $50 per share to $590.
Nice to see Google doing so well.
Of course our parking revenue continues to decline.